Siparex

On 7 of April 2011, Siparex and other minority shareholders of CMR Group agreed to sell the company to LBO France in a buy-out. Siparex originally acquired CMR Group from Activa Capital in 2006.

CMR Group is a world leader in the design, manufacturing, and service of instrumentation and controls for offshore platforms and vessels, marine, engines and industrial applications. The Group offers four types of products and solutions: sensors, cables, electronics and switchboards, mostly serving four end-markets: Engine, Power Generation, Marine and Oil & Gas. Selected clients include Cummins, Caterpillar, GE, MAN, Wartsila, Perkins, EDF, Alstom, Cegelec, Keppel, Marine Nationale, etc. The Group is composed of 11 subsidiaries spread worldwide with 7 manufacturing sites and employs around 600 people.

Canaccord Genuity acted as advisor to CMR's shareholders, Siparex, the management and other minority shareholders.